Market Minutes Recap – Remarks on the FOMC Meeting and the 25 bps Increase, Yield Curve Steepening, and European Banking Situation
This week was fairly light with economic updates, but heavy with newsworthy items. Listen to our latest Key Wealth Matters podcast for our experts' perspectives on this week's economic news, remarks on the Federal Reserve’s Federal Open Market Committee (FOMC) meeting and the 25 bps increase in the Fed Funds rates, steepening of the yield curve, comments on the European banking situation, and more.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Cindy Honcharenko, Senior Fixed Income Portfolio Manager
Rajeev Sharma, Managing Director of Fixed Income
Cindy Honcharenko, Senior Fixed Income Portfolio Manager
Rajeev Sharma, Managing Director of Fixed Income
Stephen Hoedt, CMT, Managing Director, Equity & Fixed Income Research
00:57 – This week’s economic news, including Initial Unemployment Claims, housing reports, and the FOMC meeting
02:11 – Remarks on the FOMC meeting, 25 bps increase, stresses in the banking system, expectations for Fed policy and economic projections
06:17 – Insights on what the Fed is saying versus what the market expectations are, potential for more volatility, Fed speak to come, steepening of the yield curve
09:33 – Comments on 2-year yields vs Fed funds, European banking situation and derivatives exposure, tightening cycle
14:31 - Explanation of AT1/CoCo bonds in the news regarding European banks
14:31 - Explanation of AT1/CoCo bonds in the news regarding European banks
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